Housing Starts Increase In April
Housing starts across the U.S. increased in April 2.2% to 1.4 million according the U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction report released May 17. Notably, this is 22.3% lower than April 2022’s 1.8 million. Single-family home construction increased 1.6% to its highest level so far in 2023. Starts of apartment buildings and other multifamily projects also rose: The April rate for units in buildings with five units or more was 542,000.
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B.C. Envoy Says Window Is Open For U.S. Softwood Lumber Deal
B.C. Envoy Says Window Is Open For U.S. Softwood Lumber DealBritish Columbia’s softwood trade envoy says there’s a slight opportunity to quickly negotiate a new lumber agreement between Canada and the United States, but if a deal can’t be reached by the summer or fall...
Purdue University Scanner May Boost Lumber Industry
The hardwood industry adds $17 billion to Indiana’s economy. Since 1898, the hardwood lumber industry has relied on the human eye to detect knots and other imperfections as a way of determining the quality of lumber. Despite some inefficiencies, this form of grading...
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